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Bank of America predicts 50% gain in Lucid, compares EV maker to Tesla and Ferrari

A Lucid Air Grand Touring electric luxury car is displayed at the Lucid Motors Inc. studio and service center on February 25, 2021 in Beverly Hills, California.
Patrick T. Fallon | AFP | Getty Images

Lucid Group appears to be on firm footing to become one of the new electric vehicle start-ups that could turn into a real player in the auto market, according to Bank of America.

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